Welcome to CommercialDeals.com real estate finance news. Contact us to contribute information or to request specific topic coverage. You may want to subscribe to ourblog feed and periodic e-mails (never more than once per month).

Actovia's Real Estate Blog News | October 2012

I want to take this opportunity to welcome you all back to Actovia’s blog.

Actovia offers subscribers premium business development tools to close more deals. Our Commercial mortgage leads are the best you have ever seen. We focus on Commercial real estate in New York City. Whether you need to know when the mortgage is coming due, what the rate is, or its prepayment penalty for refinance opportunities or you want to find properties overleveraged or potentially troubled as candidates for purchase or sale, you will find it here. You will also find the right person to call about those opportunities, yes, the real owner and sometimes even their cell phone number.

Actovia is working on some very exciting features including a revamped client management system to help manage your leads. We are also rolling out our web-only browser version in mid-November. This will allow you to use Actovia anywhere where you have access to the internet and it will work from a MAC! Stay tuned.

Because we have a wealth of data and information to work with, we have an opportunity get a pulse of the market from different angles. For example, we can tell you who the most active sellers of property are over the last 6 months, who refinanced the most properties, which zip codes are the most active and which lenders had the most deals. Not only will you see the information nicely laid out for you in a chart but you can also see all the details on the property or financing so you can go back and challenge the bank to get you a better deal for your client!

We have some very intriguing information to help you identify what is happening in commercial real estate and finance. We will discover the following statistics:

Total counts of Financing August vs. September

Broken down by Borough, Property type, and Purchases vs refinances.

Top 5 zip codes and top 10 lenders

Total counts of Sales August vs. September

Broken down by boroughs and 5 most active zip codes.

Financing comparison

If we look at actual Deals that were financed August saw 536 deals while September saw 598 deals.

By borough it looks like this:

August

September

Manhattan

156

186

Bronx

82

53

Kings

205

248

Queens

93

111

Here is Purchases vs. Refis.

August

September

Refinances

428

475

Purchases

108

123

If we looks at it in terms of property types here’s what it looks like:

August

September

Multifamily-Coop

266

303

Mixed-use-Retail

120

148

Lofts-Office

34

20

Industrial

23

26

Garages

29

20

Healthcare

3

1

Commercial Condos

22

45

Hotels

1

2

Vacant

38

33

One of the more important pieces of the financing puzzle is who is lending. Active banks will certainly be a driving force behind getting deals done so here are the top 10 banks:

August September

New York Community Bank

76

New York Community Bank

49

Signature Bank

38

Signature Bank

49

Capital One

27

JP Morgan Chase

37

Astoria Federal Savings Bank

21

Astoria Federal Savings Bank

30

JP Morgan Chase

19

Dime Savings Bank Of Williamsburgh

24

Investors Savings Bank

14

Sovereign Bank

15

Dime Savings Bank Of Williamsburgh

12

Capital One

12

Flushing Savings Bank

11

NCB

12

Sovereign Bank

10

M & T

12

Intervest National Bank

9

New York Commercial Bank

11

Active zip code is important for determining where the action is:

11237

21

11211

34

11225

14

11237

15

11222

14

10019

15

11211

11

11222

13

11226

10

11356

13

10016

10

10238

111

Purchase comparison

Now let’s look at what’s happening with new real estate acquisitions:

First we will look at how many new sales were done by county:

August

September

Sales-Total

192

255

Manhattan

46

57

Bronx

31

27

Kings

74

112

Queens

41

59

Most Active Zips (Top 5)-Purchases

August September

11206

7

11356

13

11216

6

11201

11

10030

5

11215

8

11213

5

11222

8

10018

5

11211

8

10458

5

10027

7

11221

6

11205

6

10029

6

These numbers should help you to start forming some opinions are where the market is and as we do this regularly, where the market is headed.

We will explore different forms of the same exercise in using quarter-to-quarter number or even year over year numbers.

We will also explore the strength of the banks by studying which banks refinanced their own which they lost to others and what they took away from other banks.

If you have any ideas how we can make this blog more useful, don’t hesitate to send suggestions to me at